The yuan mid-point against the dollar devaluation of 441 points, at 6.6652. It's the biggest drop since June 27.
Comment
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In Aug.11,2015 AM, RMB depreciation of a trading day 1136 points, 1.9% cut Gold price has fallen down 11/OZ in 9:00-9:45AM,then moved up near 22/OZ in 3:00PM.
Faylee, Excellent Charts! My congrats. You are brilliant Trader as I can see. But regarding this chart, don't you think we could have a correction to 1280-1260 area now before the huge growth. Thus often happen in Gold before such moves.
faylee
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We got resistant at 1340
Updated chart, possible movement:
Thank you for your ideal! There could be more down to 1303- 1310 10 months SMA support. BTW if FRB rises rates in Sep. it's a huge buy there, don't miss it please.
Thank you for your very good and timely info.
Q: how many Time-Frames are used for calculation of Elliott waves in this analysis?